tui news.........and its all good, page-6

This is what did it for me today.........

"AWE is also presently reviewing the Tui fields reserves. This study, which will include the additional oil recovery allowed by the Umuroa charter extension, is expected to be completed in June 2008."


So we have:

1. Lease extended
2. They are going to increase the water handling facilities
3. Production marching on at 45K a day.
4. Still reveiwing the actual reserves.

I initially had 50mb in my head as my expectation of the upgrade. I am now at 55-60mb.

This is huge for PPP/NZO. And Tapis now at $134. And at the production rate of 45K a day, they should exceed 15mb production by June 30.